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Category > Business & Finance Posted 02 Jun 2017 My Price 5.00

Head-First Company plans to sell 5,000 bicycle helmets at $70 each in the coming year

Head-First Company plans to sell 5,000 bicycle helmets at $70 each in the coming year. Unit variable cost is $49 (includes direct materials, direct labor, variable overhead, and variable selling expense). Fixed factory overhead is $14,000 and fixed selling and administrative expense is $15,400.
Required:
1. Calculate the variable cost ratio.
2. Calculate the contribution margin cost ratio.
3. Prepare a contribution margin income statement based on the budgeted figures for next year. In a column next to the income statement, show the percentages based on sales for sales, total variable costs, and total contribution margin.

Answers

Alpha Geek
(8)
Status NEW Posted 02 Jun 2017 09:06 AM My Price 5.00

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Attachments

file 1496397178-274424_1_636319108359146949_contribution-Margin.xlsx preview (168 words )
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